Online gaming is one of the fastest growing industries and the No. 1 buzz on Wall Street. The wide accessibility of the internet, with no physical or geographical barriers, has expanded the playing field to include people of all ages and social and economic backgrounds.
Analysts forecast online gaming revenue will rise to $22.7 billion by 2009, from $8.2 billion in 2004, representing compound annual growth of 22 percent.
PartyGaming began its IPO trading session last June with a $10 billion market cap, making it one of the UK's largest public firms. Meanwhile, betting heavyweight Sportingbet just recently bought poker site Paradise Poker for $ 300 million, the site was launched in 1999.
The positive market reception of PartyGaming will undoubtedly spur other Internet gaming firms to push ahead with public listing plans. There is no doubt, intelligent Investors will look for already publicly traded e-gaming companies trading at basement bargain prices.
Pegasus Gaming Corp (OTC: PGGG) stands to reap the benefits of these gaming trends.
"As Microsoft Windows is the operating system of PCs, Pegasus Gaming (OTC: PGGG) is the operating system of Internet gaming sites."
PGGG builds and licenses complete turn-key online gaming solutions accessible via the Internet and Mobile devices. Sports Betting, Casino, Horse Racing, Multi-Player Poker and Mobile Casino platforms are all managed by a complete back office system that operates the entire e-Commerce transactions, gaming websites, accounting system and licensees' management/reporting platform that is second to none, freeing up the gaming operators to focus on marketing and cash flow generation. This cutting-edge technology along with an aggressive marketing effort will launch PGGG into a leadership position in this enormous market
REVENUE & EARNINGS:
PGGG generates revenue from building complete turn-key gaming sites as well as collecting licensing fees that equal 30% of the net income generated by client's site. The company projects that these gaming companies can earn $1 million in the first year of operation and grow 20-25% sequentially every year. The company can build one fully functional production gaming site in ten days, which represents around 30 new licenses, at top production capacity that could generate income of $9.9M on a yearly basis. Low estimates (12 licenses) could generate $4.5M net income or $0.30 EPS.
PRICE TARGET & VALUATIONS:
The price target and valuations have been determined using fundamental analysis (earnings projections and price/earnings ratios)
PGGG has a forward P/E ratio of only 4 based on earnings of $4,2 million and a $1 pps.
P/E Comparison: Wpt Enterprises Inc (Nasdaq: WPTE) forward P/E 35 Cryptologic Inc (Nasdaq: CRYP) forward P/E 28 Pegasus Gaming (OTC: PGGG) forward P/E 4 Shanda Interactive (Nasdaq: SNDA) forward P/E 19 Webzen Inc (Nasdaq: WZEN) forward P/E 78 If we apply a very conservative P/E of 20 with medium estimates of $0.27
Earnings per Share, the PGGG Price Target would be $5.40 in 2005, $9.00 in 2006 and $13.60 in 2007, representing potential gains from 440% to 1.260%
WHY SHOULD YOU BUY PGGG?
- An undiscovered gem trades at the IPO price in an extremely hot gaming sector. - Great potential for share price appreciation compared to its growth potential; PGGG could rise to $5.40 per share in the next 3 months. This would represent near 440% increase over today’s price. - Highly profitable business with little overhead - Proven business model benefits both bottom line and shareholder value.
FINAL WORD
Today, the e-gaming industry is at the early stage of a major boom. PGGG is in its infancy relative to where it could be by the year-end. With the technology, business model and potential of Pegasus Gaming Corp (OTC: PGGG), the company is looking to gain meaningful traction and experience significant revenue/net income growth in the next few quarters. Management is committed to capture a major share in the e-gaming sector and increase shareholder value.
Savvy investors who invested in Microsoft, EBay, Yahoo, Travelocity or any number of successful technology companies in their early stages became millionaires from original investments of less then $5,000. Such are the gains possible when one finds the right company at the ground floor level.
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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Good for you bmarley! online gaming is where it's at.
Check out GWNI when you get a chance. I'm not in that one either but it's been getting some volume since releasing a poker related PR ealier today.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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Pegasus Gaming Corp. (Pink Sheets: PGGG) (http://www.PegasusGaming.com) is pleased to announce it has retained the services of AGORA Investor Relations Corp. ("AGORA") (http://www.agoracom.com) to provide investor relations services.
The objective of this agreement is twofold. First, to create effective communication between Pegasus Gaming Corp., its shareholders, and the investment community through AGORA's Internet-based investor relations system. Effective July 20, a customized and monitored Pegasus Gaming Corp. IR Hub (http://www.agoracom.com/IR/Pegasus) will allow both Pegasus Gaming Corp. and AGORA to communicate with all investors simultaneously, anytime and in real time, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR Hub will also provide one-click access to the Pegasus Gaming Corp. broker fact sheet, company profile, five most recent press releases, e-mail list registration, latest stock quote & chart information, and an executive audio address updated quarterly. In addition, the IR Hub provides investors with a monitored discussion forum for the purposes of constructive and high-quality discussion about the company that is free of spam, bashing, hyping and profanity. Investors can also call in to speak to a Pegasus Gaming investor relations representative by calling the company's toll-free number at 866-234-9934.
Second, AGORA will be fully responsible for creating, implementing and executing an investor relations strategy, the consolidation of which will save management a considerable amount of time, effort and expense, allowing them to focus on core business operations, while significantly improving shareholder communications.
Pegasus Gaming Corp. President David Cheng, stated, "Given the company's recent developments and the excitement being generated in the online gaming industry, we believe the time has now come to significantly increase our communications with shareholders and the investment community. The solution provided by AGORA fulfills our need to manage and execute an IR strategy in a cost-efficient manner, while providing our management team with the ability to focus on executing the business plan. Our shareholders and company will benefit greatly from near real-time communications, regularly planned updates and increased exposure."
For all future Pegasus Gaming Corp. investor relations needs, investors are asked to visit the Pegasus Gaming Corp. IR Hub at http://www.agoracom.com/IR/Pegasus, where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to PGGG@agoracom.com, where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
The terms of the agreement are as follows: Duration - 12 months; Monthly Cash Compensation - $2,000; and Stock Options - 250,000 shares at $1.50 per share. This agreement has been negotiated entirely at arm's length. AGORA is located in Toronto, Ontario.
About AGORA Investor Relations Corp. http://www.agoracom.com http://www.AgoraIR.com AGORA Investor Relations Corp. (AGORA) is North America's leading outsourced investor relations firm for small-cap companies. AGORA's exclusive IR Hub delivers two-way investor relations and communications that provide 100% transparency, accessibility, equality, and near real-time communications for all shareholders and the investment community. The digital delivery of investor relations also provides public companies with savings over traditional services ranging from 50-60%.
About Pegasus Gaming Corp.
Pegasus Gaming Corp. is an Arizona-based I-gaming software and e-commerce services company servicing clients from Europe and Africa. The company licenses a suite of online products, including casino, sports betting, and pari-mutuel horse betting. In addition, the company provides a state-of-the-art complete back-office management system that operates all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform.
The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Pegasus Gaming Corp.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.
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Pegasus Gaming Set to Enter Booming Mobile Gaming Industry Jul 14, 2005 9:15:00 AM Copyright Business Wire 2005 PHOENIX--(BUSINESS WIRE)--July 14, 2005--
Pegasus Gaming Corp. (''Pegasus'') (Pink Sheets:PGGG) (http://www.pegasusgaming.com), is pleased to announce that the company has completed negotiations to acquire the licensing rights to a mobile gaming platform, which can be seamlessly integrated into its I-gaming operating platform. The platform will support play for cash as well as play for fun. With the recent approval in Nevada of the use of mobile gaming communication devices from public areas in Nevada Casinos, it would appear that internet accessed gaming, can come out of the closet and be introduced into mainstream applications. With the advent of a younger generation of players, who are accustomed to using video applications for entertainment and with an increase in entertainment spending, this section of the gaming market would appear to be poised for a dramatic volume increase.
Industry analyst Juniper Research, has forecast that the mobile gambling industry could reach US $16 billion in revenues by 2008 fueled by the more than 1.7 billion mobile phone users, or more than 25% of the world population.
The majority of mobile cellular phones with Internet / WAP access, manufactured by Sony Ericsson (NYSE: SNE - News), Motorola (NYSE:MOT - News), Nokia (NYSE: NOK - News), Samsung, Sharp amongst other manufacturers will be able to access the mobile gaming platform.
The mobile gaming platform will be offered to licensees as an option to the core product and will therefore generate royalty income from the licensees' client base.
Mr. David Cheng, President & CEO commented. "When the company business plan was prepared in 2004, this area of the market was not significant in overall business volume. The request we have received from interested license purchasers was such that we felt that this option would become a value added platform that would complement the existing core products. The application has integrated very well into our existing technology and we see this area of the business expanding to reflect a potential to increase gross revenue by as much as 25% to licensees offering the platform. We intend to aggressively pursue sales of the Mobile Gaming Platform option to new licensees for 2006. We expect an official launch date for our Mobile Gaming Platform, to be early 4th quarter of 2005."
Investors wishing further information can e-mail AGORA Investor Relations directly at: PGGG@Agoracom.com.
About Pegasus Gaming Corp.
Pegasus Gaming Corp. is an Arizona-based I-gaming software and e-commerce services company servicing clients from Europe and Africa. The company licenses a suite of online products, including online bingo, casino, sports book, and pari-mutuel betting. In addition, the company provides a state-of-the-art complete back-office management system that operates all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform.
To obtain further information on Pegasus Gaming Corp., please visit the corporate web site: www.pegasusgaming.com.
To view the corporate presentation with sound, please click on the following link.
The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Chimera's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.
Source: Pegasus Gaming Corp.
---------------------------------------------- Agora Public Investor Relations Investor relations 866-234-9934
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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Pegasus Gaming Corp. (Pink Sheets: PGGG; http://www.PegasusGaming.com), an I-gaming software and e-commerce services company servicing clients from Europe and Africa, is pleased to announce that it has completed its first license agreement with GoldenGooseBet (http://www.goldengoosebet.com).
This completed first license in only the second quarter of operation of the company confirms the high potential of further agreements.
As stated in our press release of July 13, 2005, Pegasus Gaming entered into a license agreement with GoldenGooseBet to receive a trial package of the I-gaming operating system and platforms. The company initiated a due diligence testing of the turnkey components to determine the feasibility of integrating these components into their existing platforms. Once this testing period ended, the company finalized the licensing agreement.
GoldenGooseBet, a United Kingdom-based company, will deploy Sports Betting, Casino, Horse Betting, Mobile Casino and P2P Multi-Players Poker featuring the notorious Texas Hold'em Poker game. The complete network is powered by the Microsoft (Nasdaq: MSFT) Window Server Platform and Sun Microsystems (Nasdaq: SUNW) Java interface. The company uses Neteller (LSE: NLR and OTCBB: NTLRF) as its payment gateway.
"We are extremely pleased with the success that we have achieved in only our second quarter of operations," stated Pegasus Gaming president & CEO David Cheng. "The strict due diligence process that was completed by GoldenGooseBet reaffirms the quality of our product and allows us to continue to provide gaming providers a turnkey product to incorporate into their gaming Web sites."
Cheng added, "The recent rise in oil prices will certainly have a positive effect on this industry as the gambling public will be more likely to go online to gamble as opposed to traveling by airplane, car or train to its traditional brick and mortar casino as a result of the higher costs associated with traveling due to the skyrocketing price of oil. Oil companies such as American Energy (OTCBB: AMEP) are already seeing the effects of higher oil prices and we believe that Pegasus and the gaming industry in general will also benefit greatly."
With the current and continuous success of SportingBet (LSE: SBT), World Gaming (OTCBB: WGMGY), Cryptologic (Nasdaq: CRYP), Chimera Technology (Pink Sheets: CNOC) and PartyPoker (OTCBB: PYGMF and LSE: PRTY), Pegasus is certainly well positioned to capitalize on its future growth. Our state-of-the-art mobile casino platforms are compatible with a wide array of mobile phones, including Nokia (NYSE: NOK), Motorola (NYSE: MOT), Samsung (Nasdaq: SSNLF), and Sony Ericsson (Nasdaq: ERIXF).
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit Pegasus Gaming's IR Hub located at http://www.Agoracom.com/IR/Pegasus. Alternatively, investors can e-mail AGORA Investor Relations directly at PGGG*Agoracom.com.
About Pegasus Gaming Corp.
Pegasus Gaming Corp. is an Arizona-based I-gaming software and e-commerce services company servicing clients from Europe and Africa. The company licenses a suite of online products, including casino, sports betting, and pari-mutuel horse betting. In addition, the company provides a state-of-the-art complete back-office management system that operates all e-commerce transactions, gaming Web sites, accounting systems and licensees' management/reporting platform.
To view the corporate presentation with sound, please click on the following link:
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